TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Christopher Cash, Public Works Director
1. SUBJECT
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Appropriation of $38,508 from the Old Towne West Metrolink Parking Structure parking revenue collected during the Orange International Street Fair to be used for maintenance costs.
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2. SUMMARY
During the Orange International Street Fair, revenues are generated through parking fees collected at the Old Towne West Metrolink Parking structure. These funds assist with offsetting maintenance costs of the structure.
3. RECOMMENDED ACTION
recommendation
1. Accept into the City's revenue budget $38,508 in Metrolink Parking Structure funds from the parking fees into revenue account 100.0000.48380.17006, General Fund - Street Fair Metrolink Parking.
2. Authorize the appropriation of $38,508 into expenditure account number 100.5028.51450.20421, General Fund - Other Maintenance Metrolink Parking Structure.
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4. FISCAL IMPACT
The total appropriations for maintenances costs are funded by the revenue received from the Orange International Street Fair parking fees.
5. STRATEGIC PLAN GOALS
Goal 1: Provide for a safe community
b: Provide and maintain infrastructure necessary to ensure the safety of the public.
Goal 2: Be a fiscally healthy community
b: Analyze future fiscal needs and potential revenue opportunities.
6. DISCUSSION AND BACKGROUND
During the Orange International Street Fair, the Old Towne West Metrolink Parking Structure is open to visitors for parking. Visitors pay a fee upon entrance. The funds collected assist with ongoing parking structure maintenance costs. The City of Orange received $38,508 in net revenue during the three-day event.
In November 2018, the City Council approved the Old Towne West Metrolink Parking Structure Management and Maintenance Plans with the Federal Transit Agency through the Orange County Transportation Agency. Under this plan, any revenue received from the parking str...
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